Coca-Cola to shut Tuas plant; plans investment to move up value chain
Some 200 employees to get the axe; union notes that they will be offered terms better than industry norms
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Nisha Ramchandani
Singapore
COCA-COLA Singapore Beverages (CCSB) will close its bottling plant in Tuas by February next year, but it has also committed to invest over US$100 million in its Singapore operations over the next five years to move up the value-chain.
About 200 employees in Singapore will be affected by the plant's closure, said CCSB, which will be moving its bottling plant operations to Malaysia.
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